Borro unveils longer-term offering
13 March, 2015
category: Commercial, Secured, Short Term
Borro has expanded its offering to provide term loans for high net worth clients spanning 18 or 36 months.
Interest rates start from 0.75% per month, while loans are secured against luxury assets such as fine art, antiques, jewellery, watches, gold, precious metals and classic cars.
To qualify as a high net worth client borrowers must have a yearly income above £150,000 or hold net assets above £500,000.
Interest rates are based on the luxury asset and the value of the loan, while a set-up fee and an annual service fee also applies.
Loading ...